Record Number of Homes in Foreclosure
Washington, DC, Sept. 5, 2008-- A record 1.249 million homes were in foreclosure during the second quarter of 2008, according to the Mortgage Bankers Association.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
WFCA's Davis To Define 'Green' on Designing Spaces
Pompano Beach, FL, Sept. 5, 2008--Designing Spaces invited Kerry Davis from the World Floor Covering Association to share her expertise on the upcoming "Think Green" special edition of the show
Karastan Announces Winners of Photo Contest
Dalton, GA, Sept. 5, 2008—Karastan marked its 80th anniversary with a “Rug-ged America” photo contest, which ran from May through July.
Toll Brothers' Losses Mount as Revenues Fall
Horsham, PA, Sept. 4, 2008--Luxury home builder Toll Brothers reported a third quarter net loss of $29.3 million, or $0.18 per share, compared to net income of $26.5 million, or $0.16 per share a year ago.
Initial Jobless Claims Rise More Than Forecast
Washington, DC, Sept. 4, 2008--Initial jobless claims for unemployment insurance climbed more than forecast, and benefit rolls reached a five-year high, according to the Labor Department.
Higher Productivity, Lower Wages Reported in Q2
Washington, DC, Sept. 4, 2008--Productivity climbed in the spring while labor costs declined, the Commerce Department said. That could indicate that inflation is moderating.
LEED for Existing Buildings Guide Available
Washington, DC, Sept. 4, 2008--LEED for Existing Buildings: Operations & Maintenance Reference Guide is now available for purchase at the U.S. Green Building Council store.
Service Sector Grows Unexpectely in July
Washington, DC, Sept. 4, 2008--The Institute for Supply Managed said that the U.S. service sector grew unexpectedly in July for the first time in three months as new orders increased and inflation moderated.
Job Cuts Surge 12 Percent Over Last Year
Chicago, IL, Sept. 3, 2008--U.S. job cuts spiked 12 percent last month from a year earlier on rising layoffs at automakers and in government, according to outplacement firm Challenger, Gray & Christmas Inc.
Home Depot CEO Says Housing Decline Near End
Atlanta, GA, Sept. 4, 2008--Home Depot Inc's chief executive said said he sees light at the end of a long tunnel for the housing market.